Frequently Asked Questions

Learn More About Our Comprehensive Title Company Services and Title Insurance

What Is A Title?

A title is the evidence, of right, that a person has to the ownership and possession of land. It is possible that someone other than the current owner has a legal right to the property. If that right can be established, this person can claim the property outright or make demands on the current owner as to its use.

What Can Make A Title Defective?

Any number of problems that remain undisclosed after even the most meticulous search of public records can make a title defective. These hidden "defects" are dangerous, because you may not learn of them for many years. These hidden defects can force you to spend substantial sums of money on a legal defense, which can still result in the loss of your property.

What Are The Different Types Of Title Insurance?

Your lender likely will require you to purchase a Lender's Policy. This policy only insures that the financial institution has a valid, enforceable lien on the property. It does not protect you.

An Owner's Policy is designed to protect you from title defects that existed prior to you purchasing your home. It also covers the full cost of any legal defense of your title.

How Much Does Owner's Title Insurance Cost?

The one-time premium is directly related to the value of your home. Typically, it is less expensive than your annual auto insurance. It is a one-time only expense that is paid when you purchase your home. It continues to provide complete coverage for as long as you or your heirs own the property.

When Is The Right Time To Look Into Title Insurance?

Call Legacy Title Company as soon as you sign a sales contract. With a brief summary of the details, our team of title experts will begin a search of the public records and issue a title commitment. Because there are a number of steps to run a title search, it is wise to get started immediately.